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Ibrahim A. Al Kadoumi

    Assistant Director of Finance & Business Support Manager - Fairmont Riyadh

    Summary

    After possessing 15 years of experience in the world of finance and accounting, I strive and push myself to gain and face more challenges and fields to concur. Passing through audit & consulting houses, real-estate and hospitality industry, I mastered the line of service in external and internal audit for wide variety of local and multinational clients, yet I gained considerable experience in real-estate and hospitality Industry through managing of overall budget and forecast , FSCP, project management, business plan, IPO, Pre-opening, OS&E and FF&E.

    I am seeking a Desire of leading a financial position to be responsible for all financial matters of an esteemed international company, where I can utilize my diversified experience in major financial functions to support and improve profitability, resources utilization, control its operations, and achieve business units' success & company vision. The potential position will oversee all compliance and recognition for government/ private contracts. I will be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while managing finances numerous staff.

    Work History

    Jan 2015Present

    Assistant Director of Finance & Business Support Manager

    Fairmont Riyadh - Pre opening
    • Pre-opening executive member for 298 rooms & suites, 5 F&B outlets and convention center.
    • Preparing and assisting Executive Committee with preparation of the Annual Budget, working capital and Five Years Plan.
    • Assisting & reporting directly to GM Fairmont Riyadh in maintaining a healthy and professional relationship with owning company.
    • Coordinated with Regional Office on monthly GM and Financial reports.
    • Coordinated with all operating departments to ensure all are adhere Pre Opening Budget guidelines and financial operations for pre opening phase.
    • Coordinating between Owners, procurement consultant and operating departments in setting up OS&E, FF&E.
    • Setting pre-opening manning requirements based on POB.
    • Restructuring Finance department of 27 members including Accounts, Payroll,  IT and Purchasing.
    • Setting up financial and colleague goals, SOPs, Policies & Procedures and Job Descriptions, based on brand standards.
    • Participating & Working closely with the Director of Revenue and Director sales to set appropriate strategies in place to achieve budgeted targets and attending weekly revenue meeting.
    • Ensure all hotel management agreements are followed based on brand standards.

    Jan 2012Dec 2014

    Chief Financial Officer (Industry)

    The Business Gate - Riyadh, KSA
    • Manage day to day financial operations and supervise all departmental staff.
    • Ensure appropriate internal controls and financial procedures are implemented.
    • Ensure timeliness, accuracy, and efficiency of financial and management reports for public and local authoritarians.
    • Overseeing and ensuring the accuracy of monthly and annual financial statements.
    • Manage company funds to the best interest of owning company and shareholders.
    • Develop & monitor financial business plans and forecasts based on internal and external KPIs.
    • Lead monthly finance update meetings with hotel’s General Managers and Hotel Team.
    • Managed and assisted in preparing the Company for Initial Public Offering (IPO) and Rights Issues (RI) procedures. Coordinate with consultants and auditors relating to IPO&RI matters.
    • Managing business relationships with assigned banks, clients, suppliers and affiliates for the smooth functioning of day to day activities.
    Jul 2009Dec 2011

    Assistant Manager (Advisory)

    Pricewaterhouse Coopers - Khobar, KSA
    • Identification, assessment, and prioritization of business risks based on their impact analysis.
    • Planning and developing audit scope and audit programs.
    • Execution of audit and field work and discussed findings with various level of executive management.
    • Evaluate the adequacy & effectiveness of internal controls, developed recommendation for improvement of policies and procedures.
    • Developed Internal Audit Charter including Purpose, Scope of work, Authority, Responsibilities, Reporting, Code of Ethics and Internal Audit Standards for numerous clients.
    • Participating in developing and implementing of policies and procedures.
    • Evaluate the adequacy of internal controls (COSO) and developed recommendation for improvement of policies and procedures.
    • Develop a mutually beneficial and sustainable relationship with the client that services their requirements and being respectful of client culture and values.
    Nov 2002Jun 2009

    Senior Consultant & Auditor (Assurance & Advisory)

    Ernst & Young - Khobar, KSA
    • Manage all phases of audit engagements, including Planning, Coordinating, Scheduling, program execution and finalization of the Audit.
    • Understand the business processes, identify the risk involved in process, and identify compliance issues.
    • Develop audit strategy and prepare audit Programs.
    • Ensure audit is performed as per the guidance and ensure that financial statements are in compliance with the reporting framework.
    • Train and supervise staff on audit engagements.
    • Communicate with clients and managers of audit progress, discuss audit issues, identified during the audit and communicate any matters arising during the audit for improving internal control or accounting system.
    • Ensure that the deadlines are met for assignments handled and within the budgeted cost.
    • Respond quickly in every circumstance to client/management needs and ensure that service and delivery exceeds client expectations.

    Education

    19941999

    BACHELORS

    Jordanian University
    • Bachelor Degree in Administrative & Financial Sciences, Amman-Jordan (1994-1999).

    Training and Courses 

    • Joined several specialized courses in the fields of accounting ,auditing and advisory services at the Middle East practice which was associated in Egypt, Bahrain, Jordan, UAE and Saudi Arabia.
    • Foundation of Leadership.
    • Amazing Race for Revenue.
    • Revenue Maximization.
    • Seven( 7 ) Habits.

    Skills

    Leadership & People Development
    • Respond quickly in every circumstance to client/management needs and ensure that service and delivery exceeds client expectations.
    • Develop a mutually beneficial and sustainable relationship with the client that services their requirements and being respectful of client culture and values.
    • Works actively to keep others motivated, committed and involved, encourage delegation to develop.
    • Encourages staff to maintain well balanced life style.
    • Excellent analytical skills developed through challenging and reviewing financial statements. Analyze various asset, liability, revenue and expenses accounts.
    • Presents a professional appearance and style.
    Industry
    • Experience in financial statement close process and preparation/review of financial statements.
    • Excellent analytical skills developed through challenging and reviewing financial statements. Analyze various asset, liability, revenue and expenses accounts.
    Advisory
    • Managing Performance Improvement and Internal Audit Project.
    • Issue identification & Problem solving.
    Assurance
    • Experience in corporate Audit including review of cost optimization, compliance to regulations and policies.
    • Sound knowledge in International Financial Reporting Standards and experience in accounting and finance function.